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Feb 27, 2010
02/10
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bernanke wÑiith his loose money policy. one question i like to ask, does the fed realize çóthe terribly destructive impact that you had on -- on savers and frugal people in this coaintry by reducing theirÑi interest incom to below, really, real negative interest rates while the crank ud sters that created the problem are being rewarded? >> and i understand the from us -- your from ustation and i do think that -- onsj of the issu that i have dÑiealt with is howe bring interest rates back to -- to a more long-term sustainable %uá)qr)Ñi extreme lilo, obv]iously, unsu)wtÑtainable le a.m. -- aÑind there are some disagreements, that's one thing about a commit phi liket( the on market committee where you can have differing views and do i share a different view. i think we should be -- going back to a more normal level sooner rare than later and as i said in my public speeches and i think i'máqsóot, my concern is that -- in terms of, the last time i voted iÑi dissçóented on usage of the word extended period. in a posi
bernanke wÑiith his loose money policy. one question i like to ask, does the fed realize çóthe terribly destructive impact that you had on -- on savers and frugal people in this coaintry by reducing theirÑi interest incom to below, really, real negative interest rates while the crank ud sters that created the problem are being rewarded? >> and i understand the from us -- your from ustation and i do think that -- onsj of the issu that i have dÑiealt with is howe bring interest rates...
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Feb 26, 2010
02/10
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CSPAN2
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bernanke, again. as our financial markets begin to show signs of improvement, many of the fed's temporary many facilities have been allowed to expire and monetary policy has begun to normalize. and while use of the temporary lending facilities wayne expanded purchases by the fed a federal agency debt mortgage-backed securities and the longer-term treasuries of security staff kept the size other than to balance sheet unusually large. as of last week, it's my understanding that the banks had over 1.2 trillion in reserve balances and federal reserve banks. that is more than 100 times the average level of such balances in 2006. this morning i am interested in hearing, mr. chairman, plans for reducing the size of the fed's balance sheet, with run a story liquidity support from the banking system, and continuing the normalization of monetary policy. in addition, i believe, mr. chairman, you should tell us how the fed plans to use interest on reserves as a monetary policy and how you intend to use repurchase
bernanke, again. as our financial markets begin to show signs of improvement, many of the fed's temporary many facilities have been allowed to expire and monetary policy has begun to normalize. and while use of the temporary lending facilities wayne expanded purchases by the fed a federal agency debt mortgage-backed securities and the longer-term treasuries of security staff kept the size other than to balance sheet unusually large. as of last week, it's my understanding that the banks had over...
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Feb 28, 2010
02/10
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. >> thank you and welcome chairman bernanke. Ñi i'm interested in the suggestion made recently about curtailing some of the investment banking risks they are taking. he brings up an important subject and touches on it. it's bigger than what he has addressed. when we repealed against ñrthis i also believe there's been a moral has order caused by a fra decision of a line of credit given to freddie mac. the concept still persists that it is too big to fail. nobody is going to walk away. there's this dpar untea that the government will be there to bail out anybody that looks like is going to shake it up. it doesn't matter the bad debt and burden on the american taxpayer. it is still there. creating a tremendous moral hazard. the real problem over the decades has been the perception put into the markets pretending there is a saveings ore actually capital out there. this is the moral hazard because they believe something that is not true. we see the disintegration of the system we have already created. we have already been in a fina
. >> thank you and welcome chairman bernanke. Ñi i'm interested in the suggestion made recently about curtailing some of the investment banking risks they are taking. he brings up an important subject and touches on it. it's bigger than what he has addressed. when we repealed against ñrthis i also believe there's been a moral has order caused by a fra decision of a line of credit given to freddie mac. the concept still persists that it is too big to fail. nobody is going to walk away....
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404
Feb 24, 2010
02/10
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CNN
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lots of questions for bernanke as he discusses the economy in front of congress. larry summers said it's a statistical recovery but a human recession. that pretty much writes off 2010. >> we talk a lot too about residential home foreclosure but we haven't talked much about commercial property foreclosure. >> tick, tick, tick. a lot of people say that's a time bomb. we know the volume of banks preparing for what the commercial real estate problems will likely see later this year and next year. >> let's hope the new normal doesn't last too long. >>> coming up, forced to resign under a cloud of controversy, president obama's former green jobs czar now being honored by the naacp. suzanne malveaux talks about the new controversy that this is bound to create. geico says 15 minutes could save you money. but it takes less than 15 seconds to tell you this. drivers who switched from geico to allstate... saved an average of $473 a year. time to switch to allstate. ♪ and you have a heart attack. that's what happened to me. they said the quick thinking of chewing an aspirin
lots of questions for bernanke as he discusses the economy in front of congress. larry summers said it's a statistical recovery but a human recession. that pretty much writes off 2010. >> we talk a lot too about residential home foreclosure but we haven't talked much about commercial property foreclosure. >> tick, tick, tick. a lot of people say that's a time bomb. we know the volume of banks preparing for what the commercial real estate problems will likely see later this year and...
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Feb 17, 2010
02/10
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CSPAN2
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eye 185
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i expected, i knew when we went up there is a scene in the book talking bernanke and chris cox and said we will meet these authorities. the difficulty we had has warned said much better, the arteries in the financial system more for using up. so i knew with a certainty business would turn down. when you have companies it is uncertain if they can raise short-term funding, most cfo's will say boss, i'm not be able to handle the funding you like for the next 30 day said they start cutting back. but congress had not seen this yet. not in their districts. so i knew with a certainty it would get worse. i am not sure i knew it would be 10% unemployment but i knew it would be bad. minute if they didn't do something, and it collapsed, then the business is could not find themselves are paid for inventories and pay suppliers and let employees go and that would ripple through and we would have armageddon. so when the economy did turn down, we have a terrible situation as congress sought bids because they saw it as the american people but we said give us the use of 30's and if you don't, we will be
i expected, i knew when we went up there is a scene in the book talking bernanke and chris cox and said we will meet these authorities. the difficulty we had has warned said much better, the arteries in the financial system more for using up. so i knew with a certainty business would turn down. when you have companies it is uncertain if they can raise short-term funding, most cfo's will say boss, i'm not be able to handle the funding you like for the next 30 day said they start cutting back....
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Feb 17, 2010
02/10
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we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect or another of what was happening and our country's financial system froze up during that period. some of you in this room were at a party i was at in september of 2008, one to talk was the money market funds saved. if we have 3.5 trillion fun missile by 30 million people who on is and they might are worrying about whether they can get their money that was half of all the process held by u.s. banks at the time you have a panic. you had commercial paper frees up entirely in the biggest companies of the united states and some are described in this book that worried whether they were going to meet their payroll and a short period of time to read the sixth largest bank in the country in terms of the domestic deposits, washington mutual failed over a weekend. y
we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect or another of what was happening and our country's financial system froze up during that period. some of you in this room were at a party i was at in september of 2008, one to talk was the...
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153
Feb 27, 2010
02/10
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CSPAN
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eye 153
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bernanke and his loose money policy. but the question i would like to ask, does the fed relies the terribly destructive impact you have had on sabrevers in this country by reducing interest rates, waliñrfraudsters in this country are being rewarded? guest: i understand your frustration and one thing we're looking at is how to bring interest rates back to a long- term sustainable level from the extremely low levels. and there are differing views. i do share a different view. i think we should go back to a more normal level sooner rather than later, as i've said in my public speeches. and i think -- you know, my concern is in terms of the last time i voted, i voted on the usage of the word "extended period" because i think the economy will continue to improve modestly. we will be ableÑiçto move back o more normal rates sooner rather than later. and i do not consider necessarily our interest to ensure the markets that rates will yield play because that has the effect that also invites and sometimes excite speculative act
bernanke and his loose money policy. but the question i would like to ask, does the fed relies the terribly destructive impact you have had on sabrevers in this country by reducing interest rates, waliñrfraudsters in this country are being rewarded? guest: i understand your frustration and one thing we're looking at is how to bring interest rates back to a long- term sustainable level from the extremely low levels. and there are differing views. i do share a different view. i think we should...
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. >>> ben bernanke has been sworn in for a second term as chairman of the federal reserve. bernanke vowed to preserve the fed's independence, despite a move in congress to tighten control over the central bank. >>> and preparing for a snowy weekend from 1 inch in new york to almost 2 feet in baltimore. meteorologist rob marciano tracking this massive winter storm. what's going on. feast appetizer. [dinner bell chimes] high quality ingredients like wild alaskan salmon in a delicate broth, without by-products or fillers. fancy feast appetizers. celebrate the moment. in the north of england to my new job at the refinery in the south. i'll never forget. it used one tank of petrol and i had to refill it twice with oil. a new car today has 95% lower emissions than in 1970. exxonmobil is working to improve cars, liners of tires, plastics which are lighter and advanced hydrogen technologies that could increase fuel efficiency by up to 80%. >[t:p][n:e plastics which are lighter and advanced hydrogen technologies announcer: the smallest moments can have the biggest impact on a child'
. >>> ben bernanke has been sworn in for a second term as chairman of the federal reserve. bernanke vowed to preserve the fed's independence, despite a move in congress to tighten control over the central bank. >>> and preparing for a snowy weekend from 1 inch in new york to almost 2 feet in baltimore. meteorologist rob marciano tracking this massive winter storm. what's going on. feast appetizer. [dinner bell chimes] high quality ingredients like wild alaskan salmon in a...
119
119
Feb 17, 2010
02/10
by
CSPAN2
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eye 119
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we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect or another of what was happening and our country's financial system froze up during that period. some of you in this room were at a party i was at in september of 2008, one to talk was the money market funds saved. if we have 3.5 trillion fun missile by 30 million people who on is and they might are worrying about whether they can get their money that was half of all the process held by u.s. banks at the time you have a panic. you had commercial paper frees up entirely in the biggest companies of the united states and some are described in this book that worried whether they were going to meet their payroll and a short period of time to read the sixth largest bank in the country in terms of the domestic deposits, washington mutual failed over a weekend. y
we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect or another of what was happening and our country's financial system froze up during that period. some of you in this room were at a party i was at in september of 2008, one to talk was the...
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115
Feb 26, 2010
02/10
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CSPAN2
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eye 115
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that is followed by federal reserve chairman ben bernanke's testimony before the senate banking committee. >> i come from latin america. i am never expecting to find this kind of poverty. >> photographer and documentary filmmaker on a different side of the nation's capital in the shadow of power, sunday on c-span's q. and a. >> homeland security secretary janet napolitano testified before a house in a about her agency's budget request for the next fiscal year. she answered questions about the consolidation of some of the department's programs and denied reports that the board of security staff has been cut. this is three hours. >> the committee on homeland security will come to order. the committee's meeting today to receive testimony from secretary janet napolitano on the presidents fy2011 budget request for the department of homeland security. i want to thanks secretary napolitano for being flexible about testifying in support of the president's fiscal year 2011 budget request for the department of homeland security after back-to-back blizzards forced us to postpone this hearing. on feb
that is followed by federal reserve chairman ben bernanke's testimony before the senate banking committee. >> i come from latin america. i am never expecting to find this kind of poverty. >> photographer and documentary filmmaker on a different side of the nation's capital in the shadow of power, sunday on c-span's q. and a. >> homeland security secretary janet napolitano testified before a house in a about her agency's budget request for the next fiscal year. she answered...
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Feb 17, 2010
02/10
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CSPAN
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eye 118
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we might not remember this because we probably didn't keep track of everything that paulson and bernanke and george bush did, but lehman falls on september 15. then what we have on september 23, the chairman of the federal reserve and the secretary of treasury come into congress and they testify that they need $700 billion. they have a 2 1/2-page bill. they don't know what they're going to do with the money. but if you don't give it to them, it's world is going to end. that makes you uncomfortable if you're deciding what to do with your investment. not only that, but the next day, the president of the united states comes on national television and says the following, speaking to the american people to get them calmed down a little bit. he said financial assets related to home mortgages have lost value during the housing decline and the banks holding these assets have restricted credit. as a result, our entire economy is in danger. so i propose that the federal government reduce the risk posed by these trouble assets and supply urgently needed money so banks and other financial institutio
we might not remember this because we probably didn't keep track of everything that paulson and bernanke and george bush did, but lehman falls on september 15. then what we have on september 23, the chairman of the federal reserve and the secretary of treasury come into congress and they testify that they need $700 billion. they have a 2 1/2-page bill. they don't know what they're going to do with the money. but if you don't give it to them, it's world is going to end. that makes you...
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226
Feb 11, 2010
02/10
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CSPAN2
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eye 226
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bernanke we forced their stearns shareholders from a position that i think was a high of $170 a share in january. we force them down to $2 a share because the american taxpayer money was in the bailout. and that was something that was supported by the fed, by treasury because we felt that because the taxpayer was bailing them out, that the shareholders of bear stearns should not be held harmless. now, you have a different situation here, slightly different. a number of weeks later, where we have aig going under, and these are credit default swaps so the money going into aig is going right out to the counterparties. this is a pass through and the folks on the other side are goldman sachs. that is the principle beneficiary of all this. and we don't negotiate in nickel, not a sense of what they are getting. you are in the same position. you are supposed to be negotiating on behalf of the american people. you were saying the regulations were different. let me tell you something we were changing the rules and regulations every single day. we were taking action under extraordinary circumsta
bernanke we forced their stearns shareholders from a position that i think was a high of $170 a share in january. we force them down to $2 a share because the american taxpayer money was in the bailout. and that was something that was supported by the fed, by treasury because we felt that because the taxpayer was bailing them out, that the shareholders of bear stearns should not be held harmless. now, you have a different situation here, slightly different. a number of weeks later, where we...